Section 7—Public debt charges

Public Accounts of Canada 2016 Volume III—Top of the page Navigation

Public debt charges include:

The following statement presents details of the current year's public debt charges.

Table summary

The table presents details of the current year's public debt charges and consists of four columns. The first column details the elements of the public debt charges which include the Interest on unmatured debt and on pension and other accounts; the amortization of premiums and discounts on unmatured debt; and the servicing costs and costs of issuing new borrowings as well as each of their components. The following columns present the rate of interest, the amount of principal and the amount charged in the current year for each element of the public debt charges and their components. There is a subtotal row for each element and their components. There is a total public debt charges row. The three amounts which comprise the total amount charged in the current year are presented under the total public debt charges row and are detailed in the first column as follows: the total public debt charges under statutory authorities before provision and consolidation adjustments, the total public debt charge provision and the consolidation adjustments. There is a total at the end of the table for the amount charged in the current year.

Public debt charges
(in dollars)

Description Rate of interest
(%)
Amount of principal Amount charged in 2015–2016
Unmatured Debt
Interest on marketable bondsLink to footnote 1
Payable in Canadian currency
CA135087TU88—June 2015 11.25 5,757,210
CA135087TZ75—March 2021 10.50 567,361,000 59,550,286
CA135087UE28—June 2021 9.75 286,188,000 27,954,295
CA135087UM44—June 2022 9.25 206,022,000 19,091,842
CA135087UT96—June 2023 8.00 2,358,552,000 189,028,789
CA135087VH40—June 2025 9.00 2,303,156,000 207,662,641
CA135087UL60—Dec 2021 4.25 7,897,981,500 338,523,043
CA135087VS05—Dec 2026 4.25 7,579,215,000 324,861,130
CA135087WV25—Dec 2031 4.00 8,047,326,000 324,635,661
CA135087XQ21—Dec 2036 3.00 7,201,759,500 217,893,855
CA135087YK42—Dec 2041 2.00 7,467,065,500 150,614,088
CA135087ZH04—Dec 2044 1.50 8,445,360,000 127,759,828
CA135087VW17—June 2027 8.00 4,035,975,000 336,038,931
CA135087WL43—June 2029 5.75 10,949,933,000 635,165,714
CA135087XG49—June 2033 5.75 12,795,905,000 737,108,400
CA135087XW98—June 2037 5.00 13,516,957,000 678,479,793
CA135087XX71—June 2015 4.50 61,902,409
CA135087YB43—June 2016 4.00 7,278,804,000 344,951,381
CA135087YF56—June 2017 4.00 9,231,279,000 406,221,339
CA135087YL25—June 2018 4.25 10,622,764,000 452,292,068
CA135087YQ12—June 2041 4.00 15,693,000,000 628,866,521
CA135087YR94—June 2019 3.75 17,650,000,000 663,083,904
CA135087YZ11—June 2020 3.50 13,100,000,000 459,337,443
CA135087ZC17—June 2015 2.50 14,003,041
CA135087ZF48—Dec 2015 3.00 153,769,495
CA135087ZJ69—June 2021 3.25 11,500,000,000 374,432,648
CA135087ZL16—June 2016 2.00 7,398,392,000 166,830,498
CA135087ZQ03—Sept 2016 2.75 7,916,918,000 250,440,163
CA135087ZS68—Dec 2045 3.50 16,400,000,000 575,048,402
CA135087ZU15—June 2022 2.75 12,700,000,000 349,887,900
CA135087ZV97—March 2017 1.50 9,596,885,000 156,635,280
CA135087A388—Aug 2015 1.50 40,784,604
CA135087A461—Sept 2017 1.50 10,200,000,000 152,894,066
CA135087A610—June 2023 1.50 14,200,000,000 213,389,041
CA135087A792—Feb 2016 1.25 116,282,105
CA135087A875—March 2018 1.25 10,200,000,000 127,411,722
CA135087A958—May 2015 1.00 6,537,329
CA135087B295—Aug 2016 1.00 14,071,505,000 159,739,159
CA135087B378—Sept 2018 1.25 10,200,000,000 127,411,722
CA135087B451—June 2024 2.50 13,800,000,000 345,630,137
CA135087B527—Nov 2015 1.00 45,425,780
CA135087B600—Feb 2017 1.50 14,167,693,000 251,286,285
CA135087B865—March 2019 1.75 10,200,000,000 178,376,411
CA135087C699—May 2016 1.00 7,979,309,000 88,107,046
CA135087B949—Dec 2047 1.25 5,656,145,000 56,214,406
CA135087D507—June 2025 2.25 13,100,000,000 292,206,164
CA135087C855—Sept 2019 1.75 10,200,000,000 178,376,411
CA135087D275—Aug 2017 1.25 19,100,000,000 212,484,533
CA135087D358—Dec 2048 2.75 7,800,000,000 179,126,712
CA135087C939—Dec 2065 2.75 3,500,000,000 96,425,799
CA135087D689—Nov 2016 1.00 8,781,577,000 98,029,595
CA135087D929—March 2020 1.50 10,200,000,000 152,894,066
CA135087E265—Feb 2018 1.25 19,200,000,000 142,753,933
CA135087E349—May 2017 0.25 10,017,906,000 25,278,759
CA135087E596—Sept 2020 0.75 13,000,000,000 74,159,891
CA135087E679—June 2026 1.50 7,500,000,000 49,006,849
CA135087E752—Nov 2017 0.25 13,400,000,000 18,799,285
CA135087F254—March 2021 0.75 13,800,000,000 28,952,312
CA135087F338—May 2018 0.25 11,100,000,000 2,407,534
Subtotal 504,120,933,500 12,898,219,654
Less: Government`s holdings and consolidation adjustment 53,219,000
Total 504,067,714,500 12,898,219,654
Payable in foreign currencies
2012–2017 0.88 3,896,100,000 35,301,131
2015–2018 1.13 4,545,450,000 50,873,123
2014–2019 1.63 3,896,100,000 65,094,778
2010–2020 3.50 2,955,400,000 109,393,334
2001–2003/19 8.25-9.70 68,602,528 3,906,273
Subtotal 15,361,652,528 264,568,639
Less: Government`s holdings 56,102,463 3,239,765
Total 15,305,550,065 261,328,874
Total 519,373,264,565 13,159,548,528
Retail Debt
Canada savings bondsLink to footnote 2
S48—1993/94-2015/16 0.50 411,654
S49—1994/95-2016/17 0.50 134,564,758 1,054,494
S50—1995/96-2017/18 0.50 108,640,428 816,624
S51—1996/97-2018/19 0.50 165,137,958 903,820
S52—1997/98-2017/18 0.50 184,609,019 853,155
S54—1998/99-2018/19 0.50 86,548,718 574,766
S55—1998/99-2018/19 0.50 6,248,970 40,910
S56—1998/99-2018/19 0.50 1,354,932 9,033
S57—1998/99-2018/19 0.50 899,552 5,721
S58—1998/99-2018/19 0.50 1,924,641 13,323
S59—1999/00-2019/20 0.50 1,174,134 7,526
S60—1999/00-2019/20 0.50 47,842,295 318,204
S61—1999/00-2019/20 0.50 4,128,931 26,336
S62—1999/00-2019/20 0.50 1,854,041 11,739
S63—1999/00-2019/20 0.50 1,111,698 7,045
S64—1999/00-2019/20 0.50 1,826,178 12,043
S65—2000/01-2020/21 0.50 1,776,003 11,370
S96—2005/06-2015/16 0.50 322,022
S97—2005/06-2015/16 0.50 24,598
S98—2005/06-2015/16 0.50 7,115
S99—2005/06-2015/16 0.50 4,931
S100—2005/06-2015/16 0.50 13,560
S101—2006/07-2016/17 0.50 1,702,466 9,768
S102—2006/07-2016/17 0.50 110,526,435 643,520
S103—2006/07-2016/17 0.50 6,761,997 38,569
S104—2006/07-2016/17 0.50 2,143,349 11,933
S105—2006/07-2016/17 0.50 1,619,353 8,953
S106—2006/07-2016/17 0.50 2,997,781 17,124
S107—2007/08-2017/18 0.50 2,388,323 13,297
S108—2007/08-2017/18 0.50 136,787,066 774,460
S109—2007/08-2017/18 0.50 10,290,744 58,789
S110—2007/08-2017/18 0.50 3,880,300 20,761
S111—2007/08-2017/18 0.50 3,760,127 20,549
S112—2007/08-2017/18 0.50 4,029,065 22,123
S113—2008/09-2018/19 0.50 6,387,185 34,172
S114—2008/09-2018/19 0.50 180,303,010 999,553
S115—2008/09-2018/19 0.50 20,672,874 111,581
S116—2008/09-2018/19 0.50 9,933,870 53,486
S117—2008/09-2018/19 0.50 4,703,630 24,753
S118—2008/09-2018/19 0.50 5,108,831 27,391
S119—2009/10-2019/20 0.50 5,008,011 25,755
S120—2009/10-2019/20 0.50 145,819,522 813,959
S121—2009/10-2019/20 0.50 8,961,877 46,866
S122—2009/10-2019/20 0.50 2,818,956 15,248
S123—2009/10-2019/20 0.50 1,508,807 9,414
S124—2009/10-2019/20 0.50 2,315,180 12,474
S125—2010/11-2020/21 0.50 1,519,014 7,734
S126—2010/11-2020/21 0.50 210,349,473 672,082
S127—2010/11-2020/21 0.50 14,791,007 78,422
S128—2011/12-2021/22 0.50 258,294,088 948,895
S129—2011/12-2021/22 0.50 11,590,962 61,964
S130—2012/13-2015/16 0.50 978,677
S131—2013/14-2016/17 0.50 354,290,015 1,252,559
S132—2014/15-2017/18 0.50 558,372,918 555,811
S133—2015/16-2018/19 0.50 771,851,126 793,690
S920—2015/16-2016/17 0.50 35,763 45
S921—2015/16-2016/17 0.50 18,878 16
S922—2015/16-2016/17 0.50 547,477 232
Total 3,611,731,736 14,614,614
Canada premium bondsLink to footnote 2
P3—1998/99-2018/19 1.00-1.20 154,343,378 2,363,146
P4—1998/99-2018/19 1.00-1.20 17,103,893 271,040
P5—1998/99-2018/19 1.00-1.20 4,177,831 66,866
P6—1998/99-2018/19 1.00-1.20 2,748,199 42,192
P7—1998/99-2018/19 1.00-1.20 13,941,392 231,636
P8—1999/00-2019/20 1.00 9,168,534 137,791
P9—1999/00-2019/20 0.70-1.40 53,629,663 897,856
P10—1999/00-2019/20 0.70-1.40 16,628,043 291,268
P11—1999/00-2019/20 0.70-1.40 6,179,920 117,146
P12—1999/00-2019/20 0.70-1.40 4,930,330 95,203
P13—1999/00-2019/20 0.70-1.40 11,827,403 240,523
P14—2000/01-2020/21 1.40 13,621,141 285,603
P46—2005/06-2015/16 1.00 403,419
P47—2005/06-2015/16 1.00 189,942
P48—2005/06-2015/16 1.00 63,534
P49—2005/06-2015/16 1.00 74,890
P50—2005/06-2015/16 1.00 76,446
P51—2006/07-2016/17 1.00 7,763,874 90,736
P52—2006/07-2016/17 0.70-1.40 50,911,979 670,100
P53—2006/07-2016/17 0.70-1.40 14,015,469 193,161
P54—2006/07-2016/17 0.70-1.40 4,126,824 59,900
P55—2006/07-2016/17 0.70-1.40 3,075,787 47,608
P56—2006/07-2016/17 0.70-1.40 19,143,443 310,890
P57—2007/08-2017/18 1.40 12,652,565 212,403
P58—2007/08-2017/18 1.20-1.40 49,170,584 722,290
P59—2007/08-2017/18 1.20-1.40 11,980,621 176,908
P60—2007/08-2017/18 1.20-1.40 3,488,620 50,255
P61—2007/08-2017/18 1.20-1.40 3,151,351 45,680
P62—2007/08-2017/18 1.20-1.40 7,219,639 103,544
P63—2008/09-2018/19 1.20 8,710,000 120,497
P64—2008/09-2018/19 1.00-1.20 93,235,764 1,138,053
P65—2008/09-2018/19 1.00-1.20 49,033,175 607,799
P66—2008/09-2018/19 1.00-1.20 20,167,466 241,769
P67—2008/09-2018/19 1.00-1.20 11,618,208 135,095
P68—2008/09-2018/19 1.00-1.20 12,943,129 146,730
P69—2009/10-2019/20 1.00 12,339,285 131,245
P70—2009/10-2019/20 0.70-1.40 48,207,040 588,753
P71—2009/10-2019/20 0.70-1.40 29,197,569 374,430
P72—2009/10-2019/20 0.70-1.40 11,283,476 149,798
P73—2009/10-2019/20 0.70-1.40 8,871,443 134,810
P74—2009/10-2019/20 0.70-1.40 8,609,217 124,423
P75—2010/11-2020/21 1.40 6,596,376 96,604
P76—2010/11-2020/21 1.20-1.40 70,365,604 960,292
P77—2010/11-2020/21 1.20-1.40 48,935,779 668,036
P78—2011/12-2021/22 1.00-1.20 91,011,047 1,050,910
P79—2011/12-2021/22 1.00-1.20 41,369,413 483,971
P80—2012/13-2015/16 1.40 1,113,530
P81—2012/13-2015/16 1.40 601,347
P82—2013/14-2016/17 1.20-1.40 109,427,529 1,190,995
P83—2013/14-2016/17 1.20-1.40 37,284,151 498,306
P84—2014/15-2017/18 1.00-1.20 66,111,725 34,085
P85—2014/15-2017/18 1.00-1.20 37,043,125 171,677
P86—2015/16-2018/19 0.7 82,901,926 243,822
P87—2015/16-2018/19 0.7 61,011,469 110,392
P970—2015/16-2016/17 0.7 297,558 522
P971—2015/16-2016/17 0.7 855,575 999
P972—2015/16-2016/17 0.7 1,893,878 1,107
Total 1,464,321,410 19,651,973
Total 5,076,053,146 34,266,587
Medium-term notes
Payable in foreign currencies
2013/14-2016/17 floating 519,480,000 1,457,989
2013/14-2019/20 1.85 64,935,000 1,207,826
2013/14-2019/20 floating 64,935,000 229,839
2013/14-2019/20 floating 162,337,500 623,474
2013/14-2020/21 2.30 64,935,000 1,519,326
2014/15-2020/21 floating 162,337,500 583,047
2014/15-2020/21 floating 129,870,000 459,601
2014/15-2020/21 floating 324,675,000 1,149,004
2014/15-2020/21 floating 64,935,000 225,796
2014/15-2020/21 0.15 221,655,000 352,648
2015/16-2021/22 floating 64,935,000 164,064
2015/16-2019/20 1.45 64,935,000 594,695
2015/16-2018/19 floating 324,675,000 603,637
2015/16-2019/20 1.28 194,805,000 345,238
Total 2,429,445,000 9,516,184
Total interest on unmatured debt 526,878,762,711 13,203,331,299
Amortization of discounts on Treasury bills
Amortization of discounts on 2014–2015 issues 330,974,318
Amortization of discounts on 2015–2016 issues 138,100,000,000 530,191,325
Total 138,100,000,000 861,165,643
Amortization of discounts on Canada bills
Amortization of discounts on 2014–2015 issues 655,885
Amortization of discounts on 2015–2016 issues 4,747,403,045 9,169,253
Total 4,747,403,045 9,825,138
Total 142,847,403,045 870,990,781
Amortization of discounts and premiums on marketable bonds 632,059,831
Amortization of discounts and premiums on real return bonds (negative 105,641,622)
Amortization of discounts and premiums on foreign bonds 6,056,837
Consumer price index adjustments on real return bonds 970,521,521
Total 1,502,996,567
Total amortization of premiums and discounts on other debts 142,847,403,045 2,373,987,348
Cross-currency swap revaluation various 8,391,392,315 (negative 486,885,097)
Servicing costs and costs of issuing new borrowings various 10,642,719
Unamortized discounts and premiums on market debt various 5,046,829,132
Obligation related to capital leases various 3,476,881,655 209,031,079
Other unmatured debt various 1,569,841,909 82,559,355
Total public debt charges related to unmatured debt 688,211,110,767 15,392,666,703
Pension and other future benefits (interest)
Public sector pensions
Canadian Forces Pension Fund Account various 168,858,041
Canadian Forces Superannuation Account various 45,695,153,093 2,139,615,656
Members of Parliament Retirement Compensation Arrangements Account various 248,634,683 9,820,946
Members of Parliament Retiring Allowances Account various 502,299,428 20,267,602
Public Service Pension Fund Account various 355,052,200
Public Service Superannuation Account various 95,566,249,001 4,443,345,828
Reserve Force Pension Fund Account various (negative 51,192,066)
Retirement Compensation Arrangements Account
RCA No. 1—Canadian Forces various 392,099,834 18,043,320
RCA No. 1—Public Service various 1,163,127,305 53,426,014
RCA No. 1—Royal Canadian Mounted Police various 33,541,785 1,558,394
RCA No. 2—Public Service various 807,056,879 32,077,055
Royal Canadian Mounted Police Pension Fund Account various 15,339,685
Royal Canadian Mounted Police Superannuation Account various 13,154,521,368 613,018,941
Supplementary Retirement Benefits Account (Judges) various 215,089,000 1,553,165
Supplementary Retirement Benefits Account (Others) various 767,192 5,595
Consolidated Crown corporations and other entities various 86,468,000 Link to footnote 3
Subtotal 158,353,065,428 7,332,732,516
Allowance for pension adjustments various (negative 6,126,000,000) 122,000,000
Total 152,227,065,428 7,454,732,516
Other employee and veteran future benefits
Public Service Health Care Plan and Pensioners' Dental Service Plan 27,065,000,000 729,000,000
Royal Canadian Mounted Police disability and other future benefits 5,650,000,000 218,000,000
Severance and other benefits 2,285,000,000 80,000,000
Sick leave benefit plan 1,617,000,000 39,000,000
Veterans' disability and other future benefits 47,462,000,000 1,442,000,000
Worker's compensation 1,273,000,000 32,000,000
Consolidated Crown corporations and other entities 329,311,000 Link to footnote 3
Total various 85,681,311,000 2,540,000,000
Total public debt charges related to pension and other future benefits 237,908,376,428 9,994,732,516
Other liabilities
Canada Pension Plan (net of securities held by the Canada Pension Plan investment Fund) various 34,728,735 1,618,643
Government Annuities Account various 133,820,091 9,577,581
Deposit accounts
Canada Development Investment Corporation
Holdback—Privatization various 21,651,436
Canada Hibernia Holding Corporation
Abandonment reserve fund various 97,935,129 537,385
Canada Labour Code—Wage Recovery Appeals various 1,710,384 13,922
Swap collateral deposit 127,532,340
Contractors' security deposits various 13,623,124 116,031
General security deposits various 6,618,716
Non-interest bearing accounts 303,929,695
Total 573,000,824 667,338
Trust accounts
Administered trust accounts various 179,332 755
Canadian Security Intelligence Service
Scholastic awards various 26,421 119
Correctional Service of Canada
Inmates' trust fund various 18,235,978 7,303
Estates fund various 263,830 1,182
Indian band funds various 710,294,325 16,578,322
Indian estate accounts various 25,815,533 361,499
Indian savings accounts various 30,699,225 617,904
Indian Residential Schools Settlement Agreement
Common Experience Payments various 82,150,713 779,246
Royal Canadian Mounted Police—Benefit trust fund various 2,159,168 9,571
Veterans administration and welfare trust fund various 1,067,387 5,493
Non-interest bearing accounts 778,562
Total 871,670,474 18,361,394
Total deposit and trust accounts 1,444,671,298 19,028,732
Other specified purpose accounts
Insurance and death benefit accounts
Public Service death benefit account various 3,526,551,938 160,841,600
Regular forces death benefit account various 185,451,694 8,670,657
Non-interest bearing accounts 4,135,889
Total 3,716,139,521 169,512,257
Pension accounts
Annuities agents' pension account various 3
Locally engaged contributory pension account various 112,054
Royal Canadian Mounted Police
Dependants' pension fund various 17,672,930 874,731
Total 17,784,984 874,734
Other accounts
AgriInvest Program various 4,858,789 20,496
AgriStability Program (previously Canadian Agricultural Income Stabilization) various 49,669,981
Common school funds—Ontario and Quebec 5.00 2,677,771 133,889 Link to footnote 4
Courts Administration Service
Special account various 6,991,808 31,042
Indian moneys suspense account various 43,042,581 1,011,519
Non-interest bearing accounts 147,448,582
Total 254,689,512 1,196,946
Deferred revenue specified purpose accountsLink to footnote 5
Shared-cost agreements—Research—Agriculture various 34,584
Social Sciences and Humanities Research Council-Trust fund various 1,094
Other specified purpose accounts 3,988,614,017 171,619,615
Special drawing rights allocations various Link to footnote 6 5,787,659
Total public debt charges related to other liabilities 5,601,834,141 207,632,230
Consolidated specified purpose accounts (interest)
The National Battlefields Commission—Trust fund various 775,695 2,971
Ship-Source Oil Pollution Fund various 411,288,187 3,009,549
Mackenzie King trust account various 225,000 4,163
Endowments for health research various 140,267 30,331
Social Sciences and Humanities Research Council
Queen's Fellowship fund various 250,000 1,675
Non-interest bearing accounts 3,539,949,945
Total public debt charges related to consolidated specified purpose accounts 3,952,629,094 3,048,689
Total public debt charges before consolidation adjustment 935,673,950,430 25,598,080,138
Accumulated consolidation adjustments (current year transactions are shown with the revenues and expenditures of the Government) (negative 3,952,629,094) (negative 3,048,689)
Total public debt charges 931,721,321,336 25,595,031,449
Comprised of:
Total public debt charges under statutory authorities before provision and consolidation adjustments 22,644,489,704
Total public debt charge provision 2,953,590,434
Consolidation adjustments (negative 3,048,689)
Total public debt charges 25,595,031,449

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